Revenues Working Against Mach7 Technologies Limited’s (ASX:M7T) Share Price Following 27% Dive
Mach7 Technologies Limited (ASX:M7T) shares have had a horrible month, losing 27% after a relatively good period beforehand. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 55% loss during that time.
Since its price has dipped substantially, Mach7 Technologies may look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 2.3x, considering almost half of all companies in the Healthcare Services industry in Australia have P/S ratios greater than 7.1x and even P/S higher than 44x aren’t out of the ordinary. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
